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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Night Writer who wrote (26303)5/18/1998 4:16:00 PM
From: MJR  Read Replies (1) | Respond to of 97611
 
I too believe that CPQ is a near-term PUT candidate, but am worried that DELL's announcement could inflate things a bit.. because of this I opened a strangle position using Jun contracts. Also, this may be a short-term down and CPQ could rally especially after the FED mtg a bit.

Thus.. I'm now playing it conservative and will wait for a new direction to establish.

Regards,
Mike



To: Night Writer who wrote (26303)5/18/1998 4:26:00 PM
From: Merlo  Read Replies (1) | Respond to of 97611
 
In regards to selling CPQ puts question? I would wait till CPQ drops
to say around 28 but this depends on what happens at tomorrow's
FOMC meeting. If interest rates are not raised it's rally time again.
Today's big gains came from DELL and PFE and a host of others. CPQ
still looks cheap compared to all the overpriced stocks.

Just my opinion,
Merlo


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